It is legal to gamble or bet at online casinos with Bitcoins in US. The U.S. Treasury classified bitcoin as a convertible decentralized virtual currency in 2013. The Commodity Futures Trading Commission, CFTC, classified Bitcoin as a commodity in September 2015. Per IRS, bitcoin is taxed as a property.

Current laws prohibit casinos to accept wagers on the territory of the USA but there are no laws that would forbid individuals to place bets. That is why virtually all bitcoin casinos are based outside the U.S. territory to circumvent the law and accept bets without violating any regulations. You can gamble or play or place bets on slots, live casino, table games, lottery games or do sports betting or horse racing.

U.S. citizens who live in Delaware, New Jersey and Nevada are allowed to take part in any gambling activities including the use of bitcoins; these relate to depositing cryptocurrency into the casino, betting and withdrawing. The casinos providing service to residents of these states must use special geo targeting software to make sure the customers are physically located in any of the three states.

The only state that expressly prohibits online gambling activities is Washington. State residents may not use offshore gambling sites, register there and place bets in any currency, whether fiat or digital and many online casinos themselves restrict players from forbidden locations based on their IP addresses and other factors.

To play at Bitcoin casinos you obviously need Bitcoins and the easiest way to get them is through a bitcoin exchange. So how that works is:

• Create a wallet at the bitcoin exchange: All you need is a verifiable email address to get started.
• Once you’ve selected and signed up for an exchange, you can begin buying or transferring money to your exchange bank account.
• Once money is deposited, you can choose to ‘Buy’ or ‘Trade’ the bitcoins,. The pricing will always vary depending on supply and demand.
• Once the bitcoins are purchased, you can transfer your bitcoins from the bitcoin exchange to your wallets.

There are different methods through which you can purchase bitcoin. Also, there are many currencies you can use to buy bitcoin from different exchanges. After buying bitcoins you will be allowed to use them anywhere you want and enjoy anonymity and safety. Another thing is that you can exchange your bitcoin into fiat currency through any of your selected bitcoin exchanges online.

You can buy it from traders for a marked-up price. Also there are over 2000 bitcoin ATM in US where you can have Bitcoins easily whenever you want.

Slots can be played at Bitcoins online casinos without any effort. Like you generally play casino games and slots at US friendly online casinos in same way you play with Bitcoins. All you need to get to Bitcoin casinos or casinos that have BTC as currency of deposit listed in their banking page. When playing real money slots simply choose BTC as your mode of payment at Bitcoin casinos. The Bitcoin casinos will convert your bitcoin into their base currency that is USD and the exchange rate will be boldly displayed in the bank interface on the site.

Before signing up at Bitcoin casinos you should check the following:

• Bitcoin casinos should be licensed and regulated by authentic gambling commission.
• The casino should have a provably fair system, and/or uses games from reputable traditional casinos. A provably fair system uses cryptographic techniques to determine the authenticity of a roll and ensure that neither the game, nor the player knows the outcome of a roll prior to the bet.
• Bitcoin casinos should offer great promotional offers and BTC bonuses.
• The game play and interface should be user-friendly and can be played with various devices like mobile and tablet.

No problem many US friendly online casinos offer various other banking modes to fund your casino account to play real money slots. You can make a deposit with Credit card, E wallet, or other ways like Paypal or prepaid cards but note that at exclusive Bitcoin casinos you can only fund the casino account with Bitcoins and other cryptocurrencies only.

To make a deposit using Bitcoin, simply follow the steps explained below:

• If you are a new player then sign up at the casino or register yourself as a new player, If you already have your account then just Log in and click on the deposit button or visit the cashier.
• Enter the amount you want to deposit and then select Bitcoin as your method of deposit from the dropdown menu.
• In the pop-up message that will appear, a Bitcoin address will be generated. Once you get the Bitcoin address, you can copy it in your Bitcoin wallet (if you are on a PC) or scan the QR code with your cell phone wallet app (if you are on a phone).
• In your Bitcoin wallet add the Bitcoin address provided in the pop-up message shown at the previous step and confirm the amount of money you want to deposit.
• Once done simple go to games menu and play games. You can also play live dealer games.
• To send your Bitcoins to the online casino, you will need the output and private key. The output is simply the casinos wallet address and are a sequence of randomly generated numbers and letters; as is the private key. However, the private key should always be kept a secret, only to be known to the player and casino. The private key is swapped, and that is when the transaction begins, and the verification process begins in the Bitcoin network. Once it is verified, the Bitcoin amount is then deposited successfully.

Using Bitcoin can be fast, much quicker than using a check or other methods that can take a few days to process. The one aspect is that in order for the transaction to be checked, it takes roughly 10 minutes for each transaction, as the miners are in charge of verifying. For larger sums of money, it will usually take a number of confirmations. This could take anywhere from 10 minutes to a couple of hours to be verified and deposited into your account.

The provably fair gambling works on the basis of cryptographic hash function, which is an algorithm for creating encrypted hash value against the server and clients seeds. In general, the procedure of provably fair gambling takes place through following steps:

• A random secret seed is generated and then encrypted into a hash code by the server
• The hashed code of the server seed is sent to player
• The player inputs a random client seed.
• Both seeds are mixed up through an encrypted function to create the result.
• For client verification, the server seed is revealed to the player again to check.

That’s true as many bitcoin casinos offer free bitcoins to its prospective players or affiliates for different activities such as, your registration with the casino, referring a new player to register on a casino, to play a new game, and many others. These offers are mostly promotional and certain terms and conditions apply. There are some casinos that also offer bonus on games and number of other sports too. A good and reliable BTC casino will have wonderful customer service, bonuses, VIP rewards as well.

Not all bitcoin casinos are regulated; but some reputed casinos are regulated and licensed. Like other industries, the bitcoin casinos are also required to have license under the regulatory body of the country from where it operates; but there are many bitcoin casinos that don’t possess licenses. So, it is very important for a player to make sure that the bitcoin casino you play in is regulated and properly licensed.

Another important thing related to licensing of bitcoin casinos is that the casinos operate from such countries where having license is just the name of paying license fee and having the certificate. So, it is a good idea to research about the casino before investing your money.

Before signing up at Bitcoin casinos you should check the following:

• Bitcoin casinos should be licensed and regulated by authentic gambling commission.
• The casino should have a provably fair system, and/or uses games from reputable traditional casinos. A provably fair system uses cryptographic techniques to determine the authenticity of a roll and ensure that neither the game, nor the player knows the outcome of a roll prior to the bet.
• Bitcoin casinos should offer great promotional offers and BTC bonuses.
• The game play and interface should be user-friendly and can be played with various devices like cell phone and tablet.

This depends from casino to casino. Also if you want to create your bitcoin wallet on the hard drive of your computer you will need software to download and install on your computer. Meanwhile, if you want to use the service of web based bitcoin wallet service provider companies, you don’t need to download software. You can access your wallet through supported browsers. Meanwhile, some bitcoin casinos require their client software to download and install on your cell phone or PC to gamble and also, there are many bitcoin casinos that use software for client to download.

There are many bitcoin online casinos or applications that work well on latest smart phones such as, Android phones, iPhones, and others. You can download those Apps from their stores such as, Google Play Store and Apple Store. Some online casinos offer their casino apps to download directly from their own websites too.

To make a withdraw at Bitcoin casinos in case you win playing slots or other games simply login to your bitcoin casino account and go to the withdrawal page or payment options at the online casino, Now initiate a withdraw by selecting Bitcoins as mode of withdrawal. Fill in the field which is marked Bitcoin address. Your funds will then be transfer from your selected Bitcoin casino to your Bitcoin account. When you’re finally done, all you’ll need to do next is to wait for your money to be transferred from your Bitcoin Casino account to your bitcoin wallet.

Remember but at few online casinos you are not given the option to withdraw the money with Bitcoins. In that case you can choose another way to get back your wins.

The minimum deposit is m฿ 1. There is no limit for how much you can deposit. The minimum withdrawal is m฿ 2. Also the casino has the right to set a maximum payout of m฿ 50,000 per player per day. Note that the minimum and maximum deposits and withdrawals at a Bitcoin casino varies from casino to casino. Each online casino have their own policy for deposits and withdrawals. All deposits and withdrawals are instant. However, sometimes it may take up to 1 to 5 minutes for them to be processed. Moreover, when making cashouts, there is no need for any ID proof.